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Pension Scheme for 10,000 Rupees per Month- The Central Government has revised the Pradhan Mantri Vaya Vandana Yojana (PMVVY) through which investment amount and time period is extended. The new changes in this Pradhan Mantri Pension scheme will result in withdraw of 10,000 to 12,000 Rupees Per Month as Pension for People who invest in this scheme. Central Government launched PMVVY Scheme, Registration & other details are now available and accessible by applicants. Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched by Modi government in 2017 to safeguards citizens against falling fixed deposit interest rates. See Latest updates on this Pension Scheme which Results 10000 per month under this scheme.
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Under the new introduced Pension scheme where investments of RS 7,5000 restricted the Pension withdrawal up to RS 5,000 per month at maximum are now extended to such investment that pensioners can now withdraw 10,000 Rupees Per Month. The amended pension scheme named Pradhan Mantri Vaya Vandana Yojana (PMVVY) has impressed much more investors in Country. PMVVY to provide social security during old age and to protect elderly persons aged 60 and above. The New scheme provides an assured return of 8% per annum for 10 years. The differential return, generated by LIC and the assured return of 8% per annum would be borne by Government of India as subsidy on an annual basis.
The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based on government guarantee to Life Insurance Corporation.
Enrolling in the PMVVY Pension Scheme & investing as per their abilities will have options to withdraw monthly pension from RS 1,000 to 10,000 every month. Pensioner has the option of taking the Pension monthly, quarterly, half-yearly and yearly pension. Citizens of 60 years and above can invest in the scheme.
PMVVY Registration Last Date
Earlier, the Prime Minister Vayu Vandan Yojana PMVVY was initiated from May 4, 2017 to May 3, 2018. After the praise from citizens the the investment period under this beneficial scheme has been extended to 31 March 2020. This 10000 Rupee Pension Yojana was launched by Prime Minister Narendra Modi and also known as “प्रधानमंत्रीवयवन्दनायोजना”
New Changes in PMVVY Scheme-
The pension investment amount is doubled under the Scheme which will benefit senior citizens much more.
The investment limit has now been extended to Rs 15 lakh by the Central Government, lifting from Rs 7.5 lakh.
Pension Scheme Benefits-
As per the amendments made by Life Insurance Corporation of India (LIC) and Central Government now citizens will get a pension of up to Rs 10,000 per month. Earlier this was restricted maximum up to 5,000/-
Investment Details- With a guaranteed interest of 8% for 10 years, any Indian Citizen can invest up to Rs 7.5 lakh in the scheme earlier. Now Investment is doubled up to 15 Lakh under the Scheme.
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